Someone asked why gas prices are so high. The answer is basically that the world is starting to run out of oil. It will take 50-150 years to fully run out of oil, but the start is now and the hurt will probably be in 20-50 years.
Oil has been really cheap until 1-2 years ago. If you adjust for inflation, it's been about as cheap as it ever was. Oil is 3x cheaper than bottled water at the store.
But, we are now at the end of cheap oil. Oil prices will probably go up to $200 a barrell in 5-10 years, which will probably mean $7 a gallon or so. Then we will wonder why we wasted so much oil 5-10 years ago with our SUV's and other habits. The government should have the foresight to even out price between the past and the future and to start conversion away from oil by taxing cheap oil in the past. The future shock won't be fun. But, this isn't the first time government didn't have foresight.
In 50 years we'll have all these cool 4 lane freeways that will be mostly empty. There will be all these expensive rural homes (Castle Pines, etc.) that noone wants. Then our kids will say "what were they thinking?" Why didn't we use the gas more wisely rather than blow it so quickly?
There really isn't an alternative to oil for mobile transport. Ethanol and bio diesel will dent the shortage by 5-10%, but they can't replace the volume we are using. The thing that will keep us from running out of oil entirely in 50 years is the massive heavy oil deposits in Venzuala and the tar sands in Canada, but it will be expensive, say $500+ a barrel.
The reason we are running out of oil is that the Mideast can't keep up oil production. It's a secret that's starting to come out. All these massive reserves the Mideast claimed are exaggerated.
Oil has been really cheap until 1-2 years ago. If you adjust for inflation, it's been about as cheap as it ever was. Oil is 3x cheaper than bottled water at the store.
But, we are now at the end of cheap oil. Oil prices will probably go up to $200 a barrell in 5-10 years, which will probably mean $7 a gallon or so. Then we will wonder why we wasted so much oil 5-10 years ago with our SUV's and other habits. The government should have the foresight to even out price between the past and the future and to start conversion away from oil by taxing cheap oil in the past. The future shock won't be fun. But, this isn't the first time government didn't have foresight.
In 50 years we'll have all these cool 4 lane freeways that will be mostly empty. There will be all these expensive rural homes (Castle Pines, etc.) that noone wants. Then our kids will say "what were they thinking?" Why didn't we use the gas more wisely rather than blow it so quickly?
There really isn't an alternative to oil for mobile transport. Ethanol and bio diesel will dent the shortage by 5-10%, but they can't replace the volume we are using. The thing that will keep us from running out of oil entirely in 50 years is the massive heavy oil deposits in Venzuala and the tar sands in Canada, but it will be expensive, say $500+ a barrel.
The reason we are running out of oil is that the Mideast can't keep up oil production. It's a secret that's starting to come out. All these massive reserves the Mideast claimed are exaggerated.